What is the marginal cost to a copying business of making 1,000 copies (vs 0 copies) if it is estimated for each of the 1,000 copies made, the company will spend: $0.01 on paper, $0.01 on copier maintenance (i.e. varies with the number of copies), $0.02 on building rental, $0.01 on interest on borrowed money, and $0.003 on income and sales taxes?
a) $53
b) $43
c) $33
d) $23
e) $40
d) $23
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Answer the next question on the basis of the following consolidated balance sheet of the commercial banking system. Assume that the reserve requirement is 20%. All figures are in billions.Assets (billions of dollars)Liabilities & Net Worth (billions of dollars)Reserves$200Checkable deposits$1000Securities300Stock shares400Loans500 Property400 If the Fed reduced the reserve requirement from 20% to 16%, excess reserves in the commercial banking system would increase by ________ and the monetary multiplier would rise to ________.
A. $40 billion; 6.25 B. $10 billion; 5 C. $40 billion; 12.5 D. $10 billion; 10
GNI per capita is gross national income divided by the population.
Answer the following statement true (T) or false (F)
A perfectly competitive industry's supply curve is upward sloping.
Answer the following statement true (T) or false (F)
Assume the market in the graph shown with demand D and supply S1 is in equilibrium at a quantity of 5 units. Total surplus is:
A. $5. B. $60. C. $12.50. D. $15.